Battle North Gold Signs Commitment Letter for a US$40 Million Credit Facility to Fully Fund the Development of the Bateman Gold Project
News provided by
Share this article
Battle North Gold Corporation (TSX: BNAU) (OTCQX: BNAUF) (
Battle North or the
Commitment Letter ) with Macquarie Bank Limited (
Macquarie ) for a senior secured term loan facility of US$40 million (
Credit Facility ) to be used to fund the construction of the 100%-owned, shovel-ready Bateman Gold Project (the
Project )[1] in Red Lake, Ontario, Canada. The proceeds of the Credit Facility, together with cash currently on the Company s balance sheet, is expected to fully fund the Project to Commercial Production.